When there’s a business accident or a fight breaks out in a venue space, even a small injury can be financially challenging for the business owner. To help safeguard against faulty or exaggerated claims, owners might consider purchasing nightclub liability insurance from companies with a favorable credit rating. These companies are sometimes known as “A” rated companies, which means that they are considered by independent agencies to have a strong ability to pay policyholder claims and stay financially solvent. There are four prominent insurance rating agencies: Fitch & Standard, A.M. Best, Moody’s and Poor’s. It is important to know which...

Effective risk management within any organization requires proactive measures, including the solving of problems before they occur. At any given nursing home facility, regardless of size, there exists several risks associated with duties pertaining to caring for the elderly. Risk management is a responsibility of every member of the staff, along with anyone coming into contact with residents at these healthcare facilities. Having proactive measures should help and involve the collation of data and outcomes reporting. This data, which must be continually analyzed for potential improvements (and deficits in care), can help in determining what course should be taken...